Cotton Posting Midday Gains

Cotton futures are bouncing on Friday’s midday, with most contracts up 40 to 65 points. Crude oil was back down $1.419 per barrel on the session, with the US dollar index back down $0.203. 

USDA’s Export Sales report shows all cotton export commitments at 4.937 million RB, which is 17% above the same period last year. That is also 43% of the USDA export projection and behind the 51% average pace.

The Cotlook A index was down 30 points on Thursday at 89.15. ICE certified cotton stocks were unchanged on October 1, with the certified stocks level at 28,017 bales. The Adjusted World Price was down 93 points last week to 65.16 cents/lb. 

Oct 26 Cotton  is at 74.03, down 76 points,

Dec 26 Cotton  is at 78.41, up 65 points,

Mar 27 Cotton  is at 81.08, up 47 points

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.